Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
CRUDE OIL Jun 2022 (NYMEX:CL.M22)
Long-Term Uptrend (+90) - CL.M22 is in a strong uptrend that is likely to continue. While CL.M22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CL.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M22
The long-term trend has been UP since Jul 6th, 2020 at 42.87
The intermediate-term trend has been UP since May 18th, 2020 at 37.19
The short-term trend has been UP since Aug 3rd, 2020 at 44.45
Smart Scan Analysis for CL.M22
Based on our trend formula, CL.M22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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